The Penang state government is considering proposals to introduce additional commercial activities in Gurney Bay such as the Eye of Penang, Viewing Tower, floating ferry, Ferris wheel and theme parks, Penang chief minister Chow Kon Yeow revealed in the state legislative assembly on Thursday. He said the additional commercial activities ... Read More

The Anton, a luxury residential development by Galaksi Bebas Sdn. Bhd. in Pulau Tikus. Strategically located within an upscale neighborhood, on 1.6 acres of land at the intersection of Jalan Cantonment and Jalan Biggs. It is just a stone's throw away from St. Christopher's International Primary School, less than 5 minutes drive to ... Read More

There are 2,947 property units categorised as “overhang” or unsold in Penang as of the third quarter of this year (3Q 2023), said state Housing and Environment Committee chairman Datuk Seri S. Sundarajoo. According to the National Property Information Centre, 503 of the unsold units are priced below RM300,000, or ... Read More

Battery manufacturer INV New Material Technology (M) Sdn Bhd is committing a remarkable RM6.4 billion investment to establish its first-ever manufacturing plant in Penang. The Penang Technology Park@Bertam in Kepala Batas witnessed a significant groundbreaking ceremony yesterday, marking the commencement of this state-of-the-art facility. The parent company, Shenzhen Senior Technology Material ... Read More

Proposed landed housing development by SP City Development Sdn. Bhd. in Butterworth. Situated off Jalan Seri Selayang, a brief drive from the Butterworth Outer Ring Road, this location offers unparalleled convenience. Just a 5-minute drive connects you to the North-South Expressway, while reaching the Penang Bridge takes less than 15 ... Read More

The Penang government has approved two applications for the construction of foreign workers' dormitories in Teluk Kumbar. State Local Government, Town and Country Planning Committee chairman H'ng Mooi Lye said based on the approval that has been certified by the Penang State Planning Committee, an estimated 32,680 foreign workers would ... Read More

Penang Development Corporation (PDC) will be the sole developer of industrial parks in the state and these projects will not be given to the private sector, Chow Kon Yeow told the state assembly. "PDC industrial land banks are in strategic locations and can be marketed to investors in promoted industries," ... Read More

PropertyGuru Group, Southeast Asia’s leading property technology company, today announced the winners of the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my at The Majestic Hotel Kuala Lumpur, the official venue. Excellent companies and property developments, as well as exemplary individuals in the real estate industry, comprised this year’s ... Read More

The Penang Island City Council (MBPP) is open to considering proposals for the alternative use of an abandoned two-storey hawker complex in Lengkok Erskine, apart from its original purpose as a food court. Nicholas Theng Jie Wey, the MBPP alternate chairman of the Finance Committee, revealed that despite three previous calls ... Read More

The ban on short-term rental in Penang has resulted in an increase in property values and rental yields, according to Eastern & Oriental Bhd (E&O). E&O executive chairman Datuk Tee Eng Ho said the group's property development in Penang was never intended to be marketed as an investment play. "Whichever ... Read More